Microsoft Word - ASX RELEASE 20150827 2015 Financial Year Results.docx
27 August 2015
For Immediate Release
2015 Financial Year Results
The Directors of Ramelius Resources Limited (ASX: "RMS") are pleased to report a profit for the year ended 30 June 2015. Highlights from the Company's Annual Financial Report are:
27 August 2015
ISSUED CAPITAL
Ordinary Shares: 473M
DIRECTORS
NON-EXECUTIVE CHAIRMAN:
Robert Kennedy
NON-EXECUTIVE DIRECTORS:
Kevin Lines Michael Bohm MANAGING DIRECTOR: Mark Zeptner
www.rameliusresources.com.au [email protected]
RAMELIUS RESOURCES LIMITED
Registered Office
Suite 4, 148 Greenhill Road
Parkside, Adelaide
South Australia 5063
Tel +61 8 8271 1999
Fax +61 8 8271 1988
Operations Office
Level 1, 130 Royal Street
East Perth WA 6004
Tel 08 9202 1127
Fax 08 9202 1138
• Profit (loss) before Tax of $20.5M, up 120% [2014: ($102.6M)]
• Net Profit (loss) after Tax of $16.1M, up 119% [2014: ($85.5M)]
• Sales Revenue of $131.9M, down 0.8% [2014: $133.0M]
• Gold Sales of 88,706 ounces [2014: 92,830 ounces]
• Cash flow from operating activities of $45.8M [2014: ($6.6M)]
• Net assets of $99.3M [2014: $77.5M]
• Cash at Bank (excluding gold on hand) of $32.4M [2014: $12.4M]
Managing Director, Mr Mark Zeptner today said:
"The full year financial result for FY2015 is very pleasing and confirms the
Company's return to profit as flagged late last month.
The significant turnaround from last year's financial result augers well for Ramelius as we move ahead with the development of our new high grade Vivien and Kathleen Valley gold mines, which are currently progressing on or ahead of schedule. All is on track for total gold production to push up towards the 100,000 ounces per year mark in the second half of FY2016.
The Company is very well positioned in the current A$ gold price environment to build value for our shareholders."
Full details are contained in the Appendix 4E and Annual Financial Report.
Mark Zeptner Duncan Goldon Managing Director Executive Director Ramelius Resources Limited Adelaide Equity Partners Ph: 08 9202 1127 Ph: (08) 8232 8800